Record growth for RuListing, plans fundraising round

Real estate listings disruptor RuListings.com says it has seen record growth and is now eyeing an investment round.

The Ontario firm is already operating in Canada, Australia, and the US, and saw October usage surge to 12,000 subscribers and 30,000 monthly site visitors.

The site allows buyers and renters to post where they're looking for a home, and sellers privately messaging them. With a LinkedIn-like concept for real estate, homeowners can connect with buyers and renters privately, ahead of advertising their house on the market.

When the firm started in 2016, founder Susan Joynt believed there was a need for disruption.

"Virtually every industry has been reinvented with people-to-people networks that reset the value of traditional services. The likes of Airbnb and Uber have transformed traditional industry business models – the real estate industry is long overdue," she said.

Joynt will be hoping to attract the kind of multi-million-dollar investments seen already for real estate disruptors such as OpenDoor’s $400m investment from Softbank.

RuListing.com will be at a conference in Madrid next week focused on the property portal sector.

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